Emirates Islamic offers incentive on EV financing

DUBAI, August 15, 2018

Emirates Islamic, a leading Islamic financial institution in the UAE, is encouraging customers to Go Green by offering up to 100 per cent discounts on processing fees for auto financing on electric vehicles.

The bank is the exclusive Islamic Banking Partner for Expo 2020 Dubai and its initiative to introduce green financial products is aligned with one of the event’s key themes, namely Sustainability.

With Emirates Islamic Green Auto Finance, customers can avail a maximum financing amount of Dh1.5 million ($408,000), discount on processing fees and profit rates starting as low as 2.29 per cent per annum.

Customers with salaries above Dh30,000 can also benefit by getting up to 100 per cent discount on processing fees.

Wasim Saifi, deputy CEO - Consumer Banking and Wealth Management at Emirates Islamic, said: “As the exclusive Islamic Banking partner of Expo 2020 Dubai and as part of our commitment to foster a green economy within UAE, we are pleased to present special pricing offers on our Green Auto Finance.

“We look forward to building on the strong interest among UAE residents towards hybrid and electric vehicles by making electric car financing more accessible than ever. We will continue to evolve our product suite and launch products that will help protect and preserve the environment for our future generations.”

Hybrid and electric vehicles produce lower carbon emissions compared to conventional cars and Emirates Islamic’s Green Auto Finance campaign is part of the bank’s commitment to further sustainability as a key pillar of UAE Vision 2021. – TradeArabia News Service